Total Recorder Editor can record any sound passing through any line of
your sound card. For example, you can record sound being played back by
an external program, sound from a microphone, an external LP, cassette,
CD/DVD player, AM/FM/Satellite radio, etc. A built-in sound editor
allows you to cut, trim, and merge your recordings. Editing can be
performed using a visual representation of the sound and using
clipboard operations. Supports all major audio formats. You can also
use the build-in CD ripper to copy all or some of your music tracks
from your personal CD collection.

New Version adds a burner, you can now burn your own audio CDs
that can be played back on PC&Home CD player from your recordings.
Features
Open, create, and save audio files
in any of the supported formats (can also save any portion of a loaded
file to disk as a new file);
Display audio data waveform (Zoom Full, Zoom In, Zoom Out, Zoom Vertical);
Record
audio data from a microphone or any other available input device (You
can record audio from DVD / VCD / CD Player, Tapes and LP’s, MP3
Player, RealPlayer, Windows Media Player, Web Page, Internet
Conversation, Internet News, Internet Radio Station and more);
Edit audio files visually (Cut, Copy, Delete Selection, Delete Silence, Paste, Paste From File, Mix, Mix From File);
Apply
various effects (Amplify, Compressor, Delay, Equalize, Fade In and Fade
Out, Flanger, Invert, Normalize, Phaser, Reverb, Reverse, Silence,
Shrink, Stretch, Vibrato, etc.);
Apply different filters to any selected portion of audio
files (BandPass Filter, FFT Filter, HighPass Filter, HighShelf
Filter,LowPass Filter, LowShelf Filter, Notch Filter);
Convert an audio file from one format to another;
Use marker to locate the selected part or special part of the audio data;
Add and edit extra information to your audio files (Album, Artist, Comments, Copyright, Genre, Title, Year).